in association with

Market Bulletin 5th August 2010

UK Gilts: Set to drive ahead

The Technical Trader’s view:
Long Gilt Continuous

124.95 High 130

MONTHLY CHART

125
The market has bounced
116.08 High
120
from the repeated lows at
the 105 level,
115

110
105.03 High
and completed a Bull
105
Falling Wedge which
Low 104.29 Low 104.43
looks set to challenge the
100
old highs at 124.95.

95

90

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources
believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or
accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or
held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were
considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees,
other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest,
relationship or arrangement in relation to them.
 in association with
Long Gilt Continuous
125.58 High
127
WEEKLY
124.95 Prior High from 2003 126
125 CONTINUAITON
124
CHART
120.96 High 123
122
121 That wedge in greater
120
119
detail.
118
117
116
Note too, the market
115 racheting itself up on
114
Prior Highs…
113
112
High 112.57
111

110

109

108

107

106

105

104

103

102

S O N D 2008 M A M J J A S O N D 2009 M A M J J A S O N D 2010 M A M J J A S O

SEVEN DAYS AHEAD Professional trading guides and recommendations for the World's markets

Authorised and Regulated by the FSA 124 REGENTS PARK ROADLONDON NW18XL TEL +44 (0) 7849 933573
E-MAIL MSTURDY@SEVENDAYSAHEAD.COM WWW.SEVENDAYSAHEAD.COM
This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources
believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or
accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or
held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were
considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees,
other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest,
relationship or arrangement in relation to them.
 in association with
Long Gilt Sep 10

123.0
DAILY CHART
122.5

121.51 High
122.0 This is very dramatic and
120.82 Prior highs from Oct 2009 continuation chart 121.5 exciting.
121.0

The break up through the

119.89 High 120.5

major Pivotal Prior High

120.0
119.60 High 120.82 was followed by a
119.5
pause and pull-back but
119.0 the short-term supports
118.5 held and the market has
118.0
rushed ahead.
116.95 High High 116.79
117.5

Good support
117.0
immediately beneath the
200000
market at 121.51.
150000

100000

50000

1 8 15 22 29 6 12 19 26 3 10 17 24 31 7 14 21 28 5 12 19 26 2 9 16
March April May June July August

Mark Sturdy
Seven Days Ahead

SEVEN DAYS AHEAD Professional trading guides and recommendations for the World's markets

Authorised and Regulated by the FSA 124 REGENTS PARK ROADLONDON NW18XL TEL +44 (0) 7849 933573
E-MAIL MSTURDY@SEVENDAYSAHEAD.COM WWW.SEVENDAYSAHEAD.COM
This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources
believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or
accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or
held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were
considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees,
other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest,
relationship or arrangement in relation to them.